About your Search

20130102
20130102
SHOW
News 2
Today 2
( more )
STATION
WMAR (ABC) 10
WUSA (CBS) 10
KPIX (CBS) 9
CNNW 7
KGO (ABC) 5
KTVU (FOX) 5
WRC (NBC) 5
CSPAN 4
CSPAN2 4
WJLA (ABC) 4
FBC 3
WTTG 3
MSNBCW 2
WBAL (NBC) 2
( more )
LANGUAGE
English 91
Search Results 0 to 49 of about 92 (some duplicates have been removed)
: and in the region. >> 66 days and counting. shame on you. shame on congress. >> reporter: lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, house speaker john boehner pulled the bill. it would not -- the reaction was swift and angry. >> the ayes have it. the house stands adjourned until 10 a.m. tomorrow morning. >> reporter: the senate passed a measure that with provide $60 million and many said the provides tag was too high. >> there raise been no substantive reason given for the action. >> reporter: the timing is key. if the house doesn't vote on the senate-passed measure, lawmakers have to start from scratch because the new members cannot take up a bill from the old congress. that means the much needed i'd could be delayed for several weeks. >> we need to rebuild now. we need to act now. we can't wait for the next congress. >> reporter: speaker boehner told republicans there will ab vote friday and the rest by january 15th. >> congressman peter king said the speaker of the house john boehner promised aid to victims will be
just two months after sandy hit. >> 66 days and counting. shame on you. shame on congress. >> reporter: superstorm sandy caused over $36 billion in damage in new jersey. governor christie says he was assured by congressional leaders that the aid package would be put to a vote. but house speaker boehner pulled the legislation and did not return christie's phone calls. >> disaster relief was something that you didn't play games with. >> reporter: do you feel betrayed right now, governor? >> yes. if the people of new jersey feel betrayed today by those who did this in the house last night then they have good company, i'm with them. >> reporter: boehner says he pulled the bill because of scheduling problems. but some members of congress questioned how the $60 billion aid package would be spent. new york congressman peter king, a republican, would have none of it. >> congressional republicans never have any trouble finding new york city or new york when it comes to raising money. well, you know, this is a two-way street and if they're not going to help us, why should we even think of helpin
from chris christie. >> 66 days and counting. shame on you. shame on congress. >> reporter: his wrath aimed squarely at republican leaders in congress. >> they forget, we sent them there. we sent them there to do the work for us. not to sit down there and play with each other. >> reporter: all that sound and fury apparently paid off. late today, speaker of the house john boehner said that aid to victims of hurricane sandy would be the first priority of the new congress that gets sworn in tomorrow. the first vote for sandy victims coming on friday. >> all right, jon, thank you. but let me ask you this. we've had relief now about one crisis averted, but when is the next one? >> reporter: we have potentially three fiscal cliffs coming up. the first one comes next month, when the government is at risk of defaulting on its debt unless congress raises the amount of money the government can borrow. the next, those automatic spending cuts happen on march 1st, unless congress acts. that means potentially hundreds of thousands of government employees put at risk. finally, funding for the govern
on congress. >> reporter: in his blunt style, new jersey's governor chris christie said congress betrayed them. >> there is no reason for me at the moment to believe anything they tell me. >> reporter: under intense pressure, boehner quickly reelected. he members with members from the northeast and they got results. a vote on some emergency aid this friday. >> we're getting what new york and new jersey need, and that's all that counts. >> reporter: so boehner promised that this friday, the new congress will vote on $9 billion in flood insurance, emergency aid. and then in a couple weeks, they'll look at a $50 billion package. he also did have a conversation with governor christie. and, again, kate, all of this is against a backdrop of a congress struggling to deal with government spending at a time when there are these real-world emergencies. kate? >> kelly o'donnell on capitol hill again tonight. >>> many of the people who live and work in areas devastated by sandy are frustrated and furious tonight that they have to wait even one moment longer to get the help they desperately need. nbc's ann
for the political gain. it is why the american people hate congress. >>reporter: ouch. lawmaker whose objected to the quick vote say the senate measure was full of pork, including $600 million to the epa to deal with climate change issues and $150 million foe -- for fisheries in alaska it is fine to vote "no" but by failing to let anyone vote yes or no, speaker boehner failed to do his job. >>gregg: could this impact boehner's chances of holding on to the speakership tomorrow? >>reporter: there is that vote tomorrow. it is not likely but not impossible. he will have to get a clear majority of all of those who do vote. it is not just the republicans. it is the entire house. clearly he will neat the vast majority of g.o.p. votes. new york republican who you saw in the interim may abstain altogether and another new york republican, peter kings says republicans will have to work hard to get his vote on anything right now. while both the boehner and can for camps are shooting down talks of a divide, many are speculate there is trouble in the house of representatives g.o.p. leadership ranks. that vo
, it was disappointinga and disgusting to watch.t >> it is why the american people hate congress. >> reporter: democrats blamebl conservatives, saying they did not want to vote on another spending bill.spen >> this should not be political. >> reporter: but someso republicans say the -- >> they sent us a bunch of porkf and levittown, and that was jusj wrong. >> reporter: the house speaker promised a first vote friday, on $9 billion to the federal floodo insurance program.e in washington, jennifer davis, fox news. >>> now to the latest on the fiscal cliff.li the tax portion of the fiscal cliff has been solved for now. but more political fights areghs ahead over spending cuts. whether to raise the debt ceiling. the bill congress passed delays automatic spending cuts from going into effect for twotw months, and didn't deal with the debt ceiling, many republicansrp are hoping for a bigger deal. >> i think that the president miss ad great opportunity, oneop of leadership, he has been re elected, he has four years left. and this will be part of his legacy, the failure to step up and do the big thing when he co
from the last congress. >> reporter: both really not expecting much to change in the 113th congress. in the meantime the issue has only been delayed another two months, forcing another deadline and likely more last-minute drama. i'm david culver, news4. >>> the average family income in fairfax counsel is about $120,000 a year, cord to the associated press. that family can expect to pay more than $1700 in additional taxes this year. >>> family, friends and fellow officers on friday will celebrate the life of officer chris young at his funeral. services for young, who is a seven-year veteran of the princewomen county police force are at the hilton memorial chapel in woodbridge. it begins at 10:00. a wake is set for tomorrow at that same chapel. officer young died on monday after his motorcycle collided while he was responding to a call. he is survived by his wife and three children. >>> there is growing concern tonight for a man from maryland who disappeared after celebrating on new year's eve. family and friends of 23-year-old michael poe hung up fliers this evening. poe went out mon
like to be speaking for this bill but i can't. >> reporter: congress steered away from this fiscal cliff at the last minute, but another showdown is just around the corner. in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the president will be trying to reach a debt ceiling deal with a new congress. winners from the november election will be sworn in tomorrow. tara mergener for cbs news, capitol hill. >>> it is a small step to getting our fiscal problems in order, but only for a couple of months. the stopgap measure appears, however, to be having a positive effect on wall street. the dow above 200 points and both the nasdaq and s&p 500 are up. of course there is reaction from taxpay
, but those impacted by sandy in several state including maryland are still waiting and as tory dunnan reports, tonight the house speaker says they won't get any help from the 112th congress. >> we've had no help from anyone. you see the pile of garbage there? it's been there since the first week. >> reporter: now another potential setback for the region. >> 66 days and counting, shame on you. shame on congress. new jerseyians and new yorkers are tired of being treated like second class citizens. >> reporter: the senate passed a package last week to provide more than $60 billion in aid to the region, but on tuesday the house failed to act before wrapping up this session of congress. >> now i am dismayed and really saddened that the house of representatives walked away last night, didn't even touch this after we spent so much time here on the floor doing something to help the beleaguered part of our country. >> reporter: republican congressman peter king who represents part of long island called it a disgrace and blasted leaders of his own party. >> we cannot believe that this cruel knife in
against it. >> i'd like to be speaking for this bill, but i can't. >> reporter: congress steered away from the "fiscal cliff" at the last minute but another showdown is just around the corner. in two months, the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the payroll tax holiday expired. that means less money in most people's paychecks. the bill did not address that. on capitol hill, i'm tara mergener for cbs 5. >>> and stocks shot up sharply this morning on the first day of trading in 2013 jumping more than 200 points at the open. it is wall street's biggest rally in six months. things are still looking good at this hour. they are up about 237 points. now, economists caution that this euphoria in the ma
for the dow jones industrial average. but as sylvia hall reports, the new session of congress beginning tomorrow faces some big decisions very soon. >> reporter: as americans return to work from the holidays, they might breathe a little easier knowing the fiscal cliff isn't happening. but the deal on the president's te. in fact, it sets the stage for a bitter first quarter fight. the bill does add some certainty to this year's tax rates, by permanently extending bush-era tax cuts for people making less than $400,000 per year and couples making less than $450,000. it also staves off the sequester- that package of sharp federal spending cuts- for two months. but let's look at what the deal doesn't do. it doesn't take the sequester off the table completely, and it doesn't raise the debt limit. they'll both have to be resolved in february and march. >> it just, to me seems like we're going to have another acrimonious debate just like we had on the fiscal cliff this time, and just like we had on the debt limit in 2011. >> reporter: just last night the president warned congress that he won't
deal, 257-167. sharon chin is in the newsroom with more on what's next. sharon. >> reporter: next president obama will sign the bill. this was a lot of pressure today. if there was no agreement before a new congress takes office thursday negotiations would have had to start all over. after closed door meetings this was a vote on the fiscal cliff compromise a by partisan senate overwhelmingly passed last night. >> we have listened to the american people, we have heeded their call once again to work together in a by partisan way. >> reporter: president obama spoke minutes after the vote. one thing i think hopefully in the new year we can focus on is seeing if we can put a package like this together with less drama, a little less brinksmanship, not scare the heck out of folks quite so much. >> reporter: eric cantor voted no on the compromise. he dropped efforts to amanned the bill to add more spending cuts after failing to get enough fellow republicans to agree. >> the senate bill failed in cutting spending. >> this is unacceptable. >> reporter: the compromise makes bush era tax cuts
with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress that the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for his signature. back to you. >> thank you. >>> most overseas stock markets jumped higher today on news that the u.s. "fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in 2013 it finished up today, as did hong kong, germany, australia, britain and france finishing up. the new year's first day of trading in the u.s. set to begin in an hour and a half. >>> the house stayed late to pass the "fiscal cliff" package but members left without agreei
on the holiday for most of us, congress agreed on a deal to avoid the fiscal cliff. sherrie johnson is live this morning with what it can mean for you. there's a lot of stuff to work through with this. >> reporter: oh, you are absolutely right especially with the debt ceiling. we have more work but after months of drama and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that both parties clap was the goal there. was concern among -- a lack of spending cuts. the deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households earning less than 450,000 dollars. it prevents a tax hike on a state's -- estates valued at less than 5 34eu8ion and extends unemployment benefits for about 2 million people that were set to expire. now what it does not do is raise the debt ceiling. in two months the government will reach the limit on borrowing unless congress acts. the bill delays large cuts to the pentagon and other government programs. now although congress mi
-167. president obama thanked congress and then hopped on a plane to hawaii. >> reporter: president obama will sign the bill. today's pressure was intense. there there was no agreement, negotiations would have had to start all over. after closed door meetings, house republican leaders finally put to a vote the fiscal cliff compromise. a bipartisan senate packed last night. >> we had listened to the american people. we have heeded their call to work together in a pi partisan way. >> reporter: president obama spoke minutes after the vote. >> the one thing i think we'll focus on in the new year is put ago package like this together with a little bit less drama. not scare the heck out of folks quite as much. >> reporter: house majority leader voted no on the compromise. he dropped efforts to amend the bill to add more spending cuts after failing to get enough fellow republicans to agree. >> the senate bill failed miserably in cutting spending. >> i'm unwilling to go on a bill that's unacceptable. >> reporter: the emergency compromise makes bush era tax cuts permanent for families who earn und
. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urge them not to play politics with the debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummetting right now. we have freeze warnings
and senate, congress can take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one and a critical one for the future of the country. >> reporter: now in about two months, congress needs to deal with spending cuts they put off and there will be a fight over the debt ceiling. reporting live in federal hill, sherrie johnson, abc2 news. >>> so the deal is done and we won't pay anymore in taxes this year. but it's not true. the fiscal cliff deal keeps income tax rates at courage level for 98% but doesn't extend the payroll tax cut. more will go into socialsecurity. most lower and middle income familiesly vied -- families will avoid a thousand more in income taxes they will pay more for payroll taxer. >>> 2013 means changes are coming to health care. big thing to watch is with the health insurance exchanges. they have to be up and running by october 1st. only 18 states including maryland on thed to build their exchange -- opted to build their own exchange. other things to watch out with the health care reform act is contributions to a flexible
'donnell. kelly, good evening. >> reporter: good evening, kate. congress is in overtime. after missing the midnight deadline, they are trying to work something out before the next two hurdles -- the financial markets opening and their own terms here in congress running out on thursday. even though the white house and senate made a deal, it is tough to get it through the house. at a bleary-eyed 2:00 in the morning, senators actually did what many constituents loudly demand -- both parties compromised to pass a fiscal cliff package. >> the ayes are 89, the nays are 8. >> reporter: but then came daylight. and gop house leaders hit a wall of complaints from their own frustrated house republicans who expected to see some spending cuts. >> there's no spending cuts. we're adding $4 billion a day to the debt. >> i thought we were in a deficit crisis. i thought our families were being put at risk by this massive debt. what does this do about that? >> reporter: reducing the federal deficit was supposed to be at the heart of any deal, with serious spending cuts. in a gesture, the senate did cance
more. >> reporter: president obama p arrives in hawaii to resume his vacation, now that congress hash pulled the country back, aftertr it previously fell over the fiscal cliff.sc >> i will sign a law that raises taxes on the wellest 2% of2% americans, while preventing a middle class tax hike. >> reporter: markets opened up, after house members approved the senate deal on tuesday that eskeeps tax rates the same for couples making less thanl 450,000. >> we take a step, a positive step. >> reporter: but many republicans aren't happy becausp the pydeal adds 4 trillion to te national debt in the next ten years. >> now talk about cutting, spending, it's kind of a joke. >> reporter: the spending debats will come as the country has to raise the debt ceiling. >> the problem is, we set up three more fiscal cliffs.cli we have to look pack at thist night and -- back at this nighti and regret it. >> it's a bee trial by the speaker. >> reporter: there's outrage that gop leadership didn'tsh follow through on a scheduled vote for sandy relief.re some lawmakers think the bill il too expensive, and pac
of us and what happens next? karen travers tries to explain. >> reporter: the stock market surged this morning. late last night congress finally spent president obama legislation. >> this law is just one step in the broader effort to strengthen our economy oar at one point it looked like the deal could fall apart. >> there's no spending cuts. we're adding $4 billion a day to the debt what we're really doing is raising taxes to gift president more money top spend. >> reporter: some republicans were pushing house speaker john boehner to add new spending cuts, but ultimately, there weren't enough votes to get that passed. so the house approved the senate measure. it prevent as tax hike on estates less than $5 million and extends unemployment benefits for some 2 million people but the payroll tax could expire, which means an increase on salaries by 2% for workers earning up to $110,000 a year. then stuff the bill didn't do. to avoid this fiscal cliff congress set up new ones. two ones they will have to deal with the automatic spending cuts. there lab nasty fight over the debt ceiling.
golodryga with the story of just one family and the huge tax increase, if congress doesn't figure this out. >> reporter: until there's an agreement, this what the martins from raytown, missouri, like so many middle class american families, face. a hefty spike in taxes. beau, a government contractor, and deanna, an office worker, make a combined income of about $60,000. without a deal, their income taxes will rise by roughly $2,400 a year. on top of that, like everyone else earning $110,000 or less, they'll pay higher payroll taxes to pay for social security. with or without a deal, those are set to go up across the board by 2%. and for the martins, that means they'll pay an additional $1,200 a year. income and payroll tax increases combined, the martins are looking at an additional $3,600 in 2013. and it doesn't stop there. without a deal, feeding their 2-month-old baby daughter, gracie, could cost the martins a lot more, too. every american faces the potential for a huge jump in milk prices. the farm bill has stalled, and subsidies have been rolled back. without a deal securing that help
important decisions to the upcoming 113th congress. 9news reporter surae chinn is live on capitol hill with more on the story. good morning, surae. >> reporter: good morning, andrea and mike. yes, it was a late night on capitol hill, but in the end, the house did vote on the senate fiscal bill, although it was very late. it was around 11:00 last night. the vote by a margin of 257-167 opposing. and many consider this a political victory for president obama. that comes one day a. fiscal cliff deadline. but they will work retroactively to extend the tax rates for most americans. it's what he campaigned on to raise taxes on the wealthiest. the bill raises income taxes for individuals earning $450,000 a year and families earning $450,000 a year. it includes an extension of unemployment benefits for about two million americans. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: but of course this all delays more fiscal cliff showdowns. the bill delays spending cuts for two months, sequestration and also the rest of th
and some not at the chain. often an america that would be the president of congress. you share that report with the local newspaper printer. i'm not newspaper printer would send additions up and down and you would see the after action report appear in multiple newspapers up and down the colonies. so here we have the junior 23rd 1777 of the carnal journal that includes george washington's own account of the battle of trenton and crossing of the delaware. you can see at the top the dateline baltimore come over congress is meeting at the time. i said earlier you really don't see headlines in the 18th century newspapers. was a dateline is an extract of the letter from. here's april 21st 1775 issue of the new hampshire gazette. extraordinary for its content and that it reports the breaking news of the battle of lexington and concorde, but also historically significant and forced her to. the fact that the left column is dedicated to the content of lexington and concorde. more importantly is a centered headline, but he news, which surely caught the attention of columnists reading this particular
. the new congress takes office when? >> reporter: thursday. january 3rd. that's when the new congress is sworn in and i should tell you that democrats still control the senate with more seats. republicans still control the house but democrats do have more seats. so that will definitely change the dynamic. >> don't go anywhere. i know you are not going to go. you will go talk to people and find out what the story is. dana bash on pt ka hill. "outfront" next, despite what two republicans just told us, a republican from arizona says he won't support the senate bill. >>> let's bring in our political panel. tim carney, political columnist for the washington examiner. maria cardona and john avlon. maria, let's start with you. you have been listening to this as we have. it does sound like the republicans are not all that enthused about the idea that they are going to get their amended bill passed tonight, going back to the senate and have the senate look at it again. in fact, they seem to be resigned to the idea that this is just going to be an up or down vote and it is going to pass. >> rig
of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and running by october 1st. only 18 states including maryland on thed to build their exchange. other things you need to watch out for, contributions to a flexible spending account is limited to 2500 dollars. you're allowed to deduct more unreimbursed medical cost when you file taxes but for that you have to itemize. >> 6:47. going back to school tomorrow could be tough for students and staff of sandy hook elementary. they are going back to class and they he won't return to the same building but will go to another school in a nearby town. desks and belongi
johnson is live with the latest on what this means for you. sherrie. >> reporter: well, after months of drama and some last- minutenegotiating, congress passed legislation to avoid the fiscal cliff. lawmakers didn't make the deadline and didn't get the grand bargen that both parties claimed was the ultimate goal but democrats and republicans gave themselves credit for getting something done. there was concern among republicans about a lack of spending cuts. some wanted to add them in but you will metly there were not -- ultimately there were not enough votes to it. the fiscal cliff deal would shield i come tax cuts for all workers earning less than 400,000 dollars a year. also prevent a tax hike on the estates valued at less than 5 million dollars and extend unemployment benefits for about 2 million people that were set to exspire. now although congress missed the january 1st midnight deadlineby-passing the compromise deal congress can try to take credit for retroactive tax cuts. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for
as tomorrow? >> reporter: right. congress will be sworn in tomorrow at noon. they're getting organized even today. to be honest, i think, suzanne, that there are two things happening. there's the fiscal cliff fallout, a lot of republicans were not happy about the spending in the bill. behind the scenes they told our producer that they understood what speaker boehner had to do and they weren't holding it against him. then we have this hurricane sandy relief bill, and to be honest it seems the speaker's office is quickly trying to fix that situation if they can. they're meeting with members from new york and new jersey today at 3:00 again coming from our producer. i think they realized and it would be hard not to that they angered many members and trying to figure out what they can do. they said speaker boehner's first priority in the next congress is the hurricane sandy aid. obviously, there are unhappy members and perhaps even more unhappy volters that they're going to have to speak to. we're going to hear from new jersey governor republican chris christie in the next hour as well, so that'
a year. the average family making $100,000 a year will see $2,000 less annual. congress was foe cushioned on preventing deeper spending cuts and bigger tax hikes. reporting live in san jose janine de la vega ktvu channel 2 news. >> the last minute deal to prevent the fiscal tax did nothing to cut the deficit. coming up at 5:15 the two big pieces of unfinished business the new session of congress will have to deal with in the coming weeks. >>> deadly high speed crash in san francisco outside of a liquor store is still the focus of a police investigation and the arrest of the driver was all caught on video. it happened yesterday morning police with guns drawn as you can see there moved in on the unidentified subjects car. the suspect was arrested and being treated for minor injuries. they did find a gun inside that car. minutes before that arrest, the driver crashed into a white toyota at 21st and vaness. and surveillance video captured that crash as it happened. this all started with an earlier short of shots fired. police later pulled that driver over. but they say the driver sped away. >
because congress was focused on spending cuts and larger tax hikes. reporting live from san jose, janine de la vega, ktvu channel 2 news. >>> 8:04. well, san francisco school students who eat school lunches are about to eat healthier. starting on monday, san francisco unified school district will introduce a new lunch menu provided by revolution foods. no more frozen foods, no more mystery meat. revolution foods say they make meals using local ingredients. no high-fuke dose corn syrup and nothing is -- no high- fructose corn syrup and nothing is frozen. >>> a new study finds a few extra pounds may not be bad to your health but the risk of death does rise substantially for those who are obese. researchers at the us centers for disease control analyzed 97 studies involving almost 3 million people worldwide. they found people with a body mass index considered moderately overweight had a 6% chance of death. but those with a higher bmi had a 29% higher chance of death. a bmi of 29 to 30 is considered overweight. i think 20, 25 is considered normal. >> why were you looking at me when you were
with congress to address government overspending. >> reporter: and the debt ceiling, before leaving for hawaii early this morning president obama urmged congress to raise it. >> we can't not pay bills that we already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastroph catastrophic. >> reporter: no word when the president will sign the bill so in the end it was one day late but just in time for nervous veshz as markets re-opened this morning. tracie potts, nbc news, washington. >> investors appear to be reacting positively to the deal. the dow is up 2%. nasdaq up 2.5%. markets in asia and europe were also up today. >>> your taxes are still about to go up. a 2% payroll tax cut just expired. that means you'll be paying about $1,000 a year more in taxs if you make $50,000 a year. economists warn that could slow the country's economic growth but as much as .07% in the coming year. on the flip side the tax cut cost the government about $125 billion a year. >> this congressional t
the last time i saw john boehner even crack a grin. [♪ theme music ♪] >> jennifer: 24 hours after congress finally did something, the right-wing is up in arms! the reports headline was republican horror new year. scary stuff. and it only got spookier from there as republicans turned on their own. >> republicans caved last night. >> they waited 20 years before giving themselves away. >> i would be. >> seriously, could the republican party have mismanaged this any worse. >> i think the president did a great job of getting the speaker to undo everything that he promised he would do. >> after midnight and all of that partying and rivalry that goes on at new year's eve, what i can tell you is they did half a bill. >> jennifer: not just the folks on the right who are whining and complaining, there are some on the left who are almost giving the tea party for dogmattic money. paul krugman wrote . . . >> jennifer: okay. i love paul krugman but on this one i have to strongly disagree. let's take a look at what progressives actually got. first democrats got tax increases for the we
. shame on you. shame on congress. >> our senior congressional correspondent, dana bash, is on capitol hill. there has been dramatic moves in the last few minutes or so. what is the latest? >> reporter: the latest is within the past hour from the speaker's office, down the hall behind me, he met with members of the delegation who were angry and promised them there would be a series of votes to get people in sandy-stricken areas the federal money. $9 billion this friday, that will be the vote. and when the new congress has the first legislative day on january 15th, $51 billion. so republicans were very appeased and certainly happy. listen to peter king of new york. >> it was his decision and we disagreed with it and made it clear last night and that's in the past. all i care about is my constituents and the constituents in new york and new jersey devastated and clearly the speaker responded and that's all. i take him out his word, and him and the majority leader are both in full agreement. >> reporter: what about the anger being voiced at the house speaker? he said that was a lifetime a
reached at this point, clearly congress still has a lot of work ahead of them, right? >>reporter: absolutely, wisdom. what we saw here on capitol hill over these last few weeks just to get the fiscal cliff bill passed is just one battle in this big fiscal war where compromises are really hard to reach, even in moments of crisis. it was literally the 11th hour, after 11:00 at night when house speaker john boehner finally put the senate plan up for a vote. as i said 267-157 with mostly democratic support. republicans voted against it almost 2-1. for pompano beach of the day house republicans -- for most of the day the house republicans debated on spending cuts. senate leaders warned that would blow apart the entire deal. the deal does mean taxes will only go up on americans making $400,000 or couples making $450s. these fewer people than president obama initially wanted. it also extends long-term unemployment benefits, fixes the alternative minimum tax and prevents a spike in dairy prices. it delays the $109 billion in automatic spending cuts for just two months. now, those cuts a
..i'm martha shade reporting lawmakers were under a tight deadline to pass the fiscal cliff measure. a new congress will be sworn in tomorrow many marylanders are now trying to figure ouu how going on in washington.one tax advisor wee poke to says taxpayers should contact their preparers as soonnas possiile...to find out how they'll be impacted by ll the in 20-122 (prioleauu "if a persso has what ttee call a loss carryovvr from capittl losses frommselling stock, then your tax preparer will need to see that in order to prepare your 2012 tax returns." tax advisors say all the confusion from washington could delay refund ccecks this year. maryland leaders are meeting today to try to come up with ways to keep marylanders safer.the maryland association of counties is focusing on mergencyyresponse during its annual 3- day &pminimiziig storm damage.this - news comes juss months after superstorm andy devastated some areas offthe eastern shore. more frustration for the victims oo superstormmsandy toddy.the house of representativee wrapped up this session without legislation.... authorizing assii
by yesterday's fiscal cliff deal. >> the motion is president doed. >> reporter: wave number two is worse, another debt ceiling fight like the one last year that damaged the u.s. credit rating. president obama vows no repeat. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: but house rupp pushed back. >> if the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier. >> it may take a default, another downgrade, the serious economic consequences that flow from it to jolt us back to some kind of reality, and that's a frightening prospect. >> reporter: and not a happy new year. congressional scholar norm orrin steen says it could look like a tribal war up here, and soon. live from the hill. >> stay with news4 for up-to-the minute information on fallout on efforts to avoid the fiscal cliff. we'll have more on how the agreement could impact families in our area, especially northern virgi
in these deficits which any american will tell you is unsustainable. this must be done in 2013. >> reporter: new members of congress are set to be sworn in on thursday and they will be the ones facing the next battle as they face the next battle in the next few months. >>> stock markets in asian are the first to react to the fiscal cliff deal and global investors are apparently relieved. markets in japan, shanghai and australia had positive gains. >>> and we are more on this fiscal tax hike on our website,. >>> a high speed crash claimed two innocent lives outside of a liquor store in san francisco this morning. david stevenson told us the driver being blamed for that wreck is familiar to san francisco police. >> reporter: this surveillance video shows the deadly impact this morning. >> obviously this is an unbelievable tragedy. >> reporter: police say it began with reports of shots fired at a housing complex. police pulled over this chevy. >> the vehicle took off at a high rate of speed and ran through the next two intersections colliding with the white vehicle. >>> skid marks show where the wh
be done in 2013. >> reporter: new members of congress are set to be sworn in on thursday and they will be the ones facing the next battle as they face the next battle in the next few months. >>> stock markets in asian are the first to react to the fiscal cliff deal and global investors are apparently relieved. markets in japan, shanghai and australia had positive gains. >>> and we are more on this fiscal tax hike on our website,. >>> a high speed crash claimed two innocent lives outside of a liquor store in san francisco this morning. david stevenson told us the driver being blamed for that wreck is familiar to san francisco police. >> reporter: this surveillance video shows the deadly impact this morning. >> obviously this is an unbelievable tragedy. >> reporter: police say it began with reports of shots fired at a housing complex. police pulled over this chevy. >> the vehicle took off at a high rate of speed and ran through the next two intersections colliding with the white vehicle. >>> skid marks show where the white toyota crashed smashing into this liquor store. >>
, congress finally acted. >> the nays are 167. the motion is adopted. >> reporter: to cut some taxes permanently and delay for just two months severe military and federal spending cuts. that gave president obama reason to make a rare late-night stop in the briefing room. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the president quickly turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> reporter: many in both parties remain frustrated that the fiscal cliff deal does not cut the deficit. >> i severely regret that this is not a big, bold, balanced plan. >> reporter: and that will be the next washington drama. >> we also need to address the fundame fundamental causes of our debts and deficits and that's out-of-control spending. >> reporter: columnist d
pennsylvania state line to the beltway. that's your abc2 timesaver traffic report. now over to you. >>> soft -- a soft landing. last night republicans reluctantly passed the billaverting the fiscal disaster. >> president obama praised the deal and returned to his hawaiian vacation. >> reporter: they finally got it done. congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >> reporter: house republicans didn't want to raise taxes without cuts in government spending. >> there's no spending cuts. we are adding 4 billion dollars to the debt and we feel like that the senate bill failed miserablely. >> reporter: house republicans decided not to drag out the fight any longer and risk potentially taking the blame for massive tax hikes on every american worker. >> what's the alternative? allow 4 trillion dollars worth of tax hikes to hit the american people market uncertain? >> r
. congress has passed a deal which now reverts the fiscal cliff. >> than since the dow jones sorry for the first time in weeks, but not everyone is happy with the deal. as brianne carter reports some lawmakers are concerned the new agreement will leave us worse off than before. >> a surge on wall street after congress finally reached a fiscal deal late tuesday night. on this thursday in trading of the new year, the dow jones jumped more than 200 points. >> this lot is just one step in the broader effort to strengthen our economy and broaden opportunities for everybody. >> the measure now headed to the president's desk and will prevent income tax increases and workers -- on workers earning less than $400,000 year-end extend unemployment benefits. but the bill does not include a speextending the social security tax cut. workers will now pay to% more in social security taxes. >> what we are really doing is raising taxes to give the president or money to spend. we think that's a bad idea. >> are members on the hill say that this was not a perfect or permanent fix but they're glad a dea
me, too with the debt ceiling. >> reporter: the last time congress fought over the debt ceiling america's credit rating was downgraded. the fiscal cliff deal did not save the social security payroll tax cut. so many americans will still pay higher federal taxes this year. on capitol hill danielle nottingham, lesli, back to you. >> thank you. we'll talk a bit more about what this means for most of us. first the good news, most americans' tax rates are not going up, but now your paychecks will be a little smaller starting with the next one. andrea mccarren joins us live from our satellite center with more on what to expect. >> the payroll tax holiday is over now. so the rate is going up from 4.2% to 6.2% and that increase will affect virtually everyone who has a job. >> i guess i won't be getting my nails done and hair done. >> reporter: just weeks ago we asked self-described middle class taxpayers what more they could sacrifice. >> everything that's in my life is a they. >> because i don't have -- is a necessity. >> because i don't have any more to give them. >> reporter: but n
to run the senate! >> reporter: but republican jeff sessions of alabama warned that congress can't go on transacting its business this way. >> we are really too often using midnight hour votes on the eve of a crisis to ram through big historic legislation that has >> woodruff: the president is expected to sign the bill, but there was no word on when he will do so. to walk through how we got here, and how the compromise deal will affect most americans, we talk with two journalists who have closely followed each development. steven dennis is a reporter for "roll call" who covers the nexis between congress and the white house. neil irwin covers economics and fiscal policy for the "washington post." it's great to have you both with us. >> great to be here. >> woodruff: before we talk some more about what's in the bill, steven dennis, let's talk first about how we got to this high-drama, last-minute, new year's eve/new year's day. how did it come down to this? >> it was really a couple of years in the making. un, we had the tea party sweep in to power a couple of years ago. they wanted spe
's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next battles that washington will be facing and urge everybody in washington to tackle them in a more expeditious manner. i would like to tell you already senate minority leader mitch mcconnell, the chief republican in the senate who negotiated this final deal with the white house has already sent over a statement engaging the white house on this issue. they sent this one to the press saying -- looking ahead to the next battle. mcconnell says now it is time to get serious about reducing america's out of control spending. it's a debate the people want, the debate we'll have next and a debate the republicans are ready for. so the gauntlet has been thrown down. >> talk to m
yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next battles that washington will be facing and urge everybody in washington to tackle them in a more expeditious manner. i would like to tell you already senate minority leader mitch mcconnell, the chief republican in the senate who negotiated this final deal with the white house has already sent over a statement engaging the white house on this issue. they sent this one to the press saying -- looking ahead to the next battle. mcconnell says now it is time to get serious about reducing america's out of control spending. it's a debate the people want, the debate we'll have next and a debate the republicans are ready for. so the gauntlet has been thrown down. >> talk to m
public perceptions of congress. a rasmussen reports poll done just this month found that only 10% of likely voters gave congress a rating of excellent or good. for me, the irony is that having seen several generations of lawmakers pass through the body, i can attest that the vast majority are hardworking generally interested in public service and eager to contribute to the welfare of our country. often the public does not believe that. it's easier to assume that congressional failings arise from the incompetence or even the malfeasance of individual legislators. or perhaps as some believe washington d.c. itself is corrupting. now, it's far more disconcerting to think that our democracy shortcomings are complex and devise simple solutions but the founders were realists who understood the power of factionalism parochialism, personal ambition. they understood that good intentions would not always prevail. and accordingly they designed a system to check abuse and prevent power from accumulating in a few hands. but they knew that the efficient operation of such a republic would requir
than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: while the bill delays spending cuts for two months for the new congress to handle these issues, the sequestration, and the debt ceiling, it is the main reason why democratic congressman jim moran opposed this bill. we will hear from him in the next half-hour. but again, it was a late night here on capitol hill. we should be getting used to that in the year 2013. back to you. >> surae chinn reporting live from capitol hill. >>> at 6:03, jessica doyle still watching your money report and the fiscal cliff. >> and the fight we should continue to expect with congress having several other hurdles to deal with. >> our money problems are far from over. in fact, they're just really beginning for this new year. it is a great quote very for you to sum up the year ahead. this comes from a december 27th blog on the tax policy center website. quote: it looks as if lawmakers will spend 2013 staggering from crisis to crisis not unlike a bunch of nasty drunks weaving their way from barroom to barroom
Search Results 0 to 49 of about 92 (some duplicates have been removed)